IPO Under Wraps: Public vs Confidential
Lately, I’ve noticed quite a few headlines along the lines of “XYZ company files for a confidential IPO.” After seeing the term pop up multiple times, I couldn’t help but get curious as to what exactly is a confidential IPO, and does it actually give companies any real advantages? Quick recap, Initial Public Offering (IPO)…
The Jane Street Playbook: Explained
If you’ve followed the news you would have definitely read/heard “Jane Street” and “SEBI” multiple times in the past month. Everyone was talking about whether Jane Street had manipulated the market or not. While I don’t have a direct answer to that, I did take the time out to properly understand what exactly did they…
Lost in Accounting: What Went Wrong at IndusInd Bank
Banks usually just take deposits and lend money. The difference between the interest rates on the loans they give and the deposits they keep is the profit that banks earn. On the face of it, yeah. But it’s more complicated than that. When they take deposits and lend money, is it in Dollars or Rupees…
Can a NIFTY dropout fund actually work?
Everyone says the same thing, that the best way to do well in the market is by picking winners: companies with strong fundamentals, market dominance, and steady growth. But is it possible that the companies that have been discarded represent the real market opportunities? NIFTY 50 is probably India’s most popular index and represents the…
The Good, the Bad and the Unsecured: The NBFC Story
You may have heard a lot of buzz around NBFCs, but lately the sector has been under a lot of scrutiny. Their roller coaster ride has been reflected in the markets as well: Bajaj Housing Finance’s IPO had a bumper listing, whereas Manappuram Finance faltered. The sector’s resilience is evident, but they’re also dealing with…
Is Nifty 50 still the one? Or is it time to look at new indices?
While talking about how the market performed today, you often hear “Oh Nifty was down 1%” or “Sensex was up 0.5%.” Benchmark indices such as these are ways to quickly measure the market sentiment, how it’s performing etc. But these indices don’t always tell the full story of a country’s markets. Especially in India, where…
Swiggy’s Debut: Aiming for a Century or Headed for a Duck?
Swiggy has released it’s draft red herring prospectus (DRHP) as it’s gearing up to make a market debut around November. This comes almost three years after Zomato’s public debut in July 2021. I had previously analyzed Zomato’s DRHP, but there were no comparable companies in the Indian market, so it was benchmarked against international competitors…
Tupperware’s Last Home Party: Why They Filed for Bankruptcy
When Varun Thakur talked about Indian Mom’s love for dabba’s and how you can forget anything but not her dabba’s. He’s not really wrong, sorry mumma. The first thing that came to my mind was Tupperware boxes. Then I realised he was also talking about Tupperware boxes – “haan mera Tupperware liya hai hmm.” Tupperware…
RBI’s P2P Party Pooper: How New Rules Are Shaking Up P2P Lending
Peer to Peer (P2P) lending: a space with 1-1.5 million lenders who have lent an estimated ₹10,000 crores. But the RBI was just not happy, so they decided to lay down some ground rules and levy some penalties. And now P2P platforms are worried. What is P2P lending? A loan? An Investment? P2P apps allow…
A Beginner’s Guide to the Yen Carry Trade
August bought with it a lot of drama in markets around the world. To explain what’s going on, first we have to go all the way back to the 1980s in Japan. The economy was doing extremely well against the backdrop of record-low interest rates and soaring stock market valuations. People borrowed a lot of…
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The Echo-nomist 